Remove Credit Inquiries from Credit Report

10% of your credit score makes for the number of inquiries made on your credit report. Hard enquiries can hurt your credit score for more than two years. It is thereby a good idea to dispute it as soon as possible, and see if you could improve your score by such deletions.

What is a credit inquiry?

Requests from business to view your credit reports are referred to as credit inquiries. Given below are the few acceptable reasons mentioned by FCRA (Fair Credit Reporting Act), for which businesses are permitted to access your credit report:

• Debt collection

• Employment

• Issue of license by government agencies

• Justifiable business transactions

• To underwrite insurance

• To grant credit

Companies who try to access your credit reports besides these reasons or under any false pretenses violate the federal law.

Types of credit inquiries

As a general rule, the more the credit inquiries, the more it affects your credit score. However, not all inquiries have an impact on your credit score. It is usually the “hard” credit inquiries that dip your score. These are the inquiries made by businesses to check your report when you apply for some loan, credit or mortgage with them. Too many hard credit inquiries within a short period of time can have a severe impact on your credit score. You may also want to note that any credit inquiries made within 45 days for car loans and mortgages are counted as only one inquiry. 

On the other hand, “soft” inquiries are the ones that are made by businesses who wish to promote their products and services to you, credit inquiries made by you, as well as the ones made by businesses you are already in a relationship with. These inquiries that do not cater to any new financial commitment are harmless to your credit score. Enquiries like credit check from prospective employers, from companies that send preapproved insurance or credit offers, are all counted as soft inquiries.

Disputing credit inquiries

You can dispute credit inquiries like other items in your credit report. You may contact the creditor directly and request them to delete the unauthorized inquiry, or send the dispute letter to credit report agency. Of course, if you want to be sure and do things the right way without any more wastage of your time, Lexington Law is the most reliable name you can bank upon.

Having accomplished almost a monopoly with the title of an “undisputed leader” of the credit repair industry, I believe no company knows this job better than Lexington Law if we talk about rebuilding the credit. In case you are interested in knowing what Lexington Law can do with your credit reports, I urge you to sign up for a free, no-obligation consultation with their paralegal and snatch that second chance from your life today!

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Couples in for Luck!

Avail the initial fee discount of $50 if you and your partner sign up together with Lexington Law. The discount is applicable after the completion of the second sign up. Follow the link below to remove foreclosure from your credit reports without any delay.

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